Choice International Limited · NSE:CHOICEIN
Choice International — Q4 FY26 Earnings Presentation
51 slides from Choice International's earnings presentation, Apr 23, 2026
Slide 1: Filing cover letter to BSE and NSE
REF: CIL/CC/09/2026-27 April 23, 2026 To, To, The Department of Corporate Services, The Department of Corporate Services, The BSE Limited, The NSE Limited P. J. Towers, 5th Floor, Exchange Plaza Dalal Street, Plot No. C/ 1, G Block, Mumbai- 400 001 Bandra – Kurla Complex, Bandra (East), Mumbai – 400
Slide 2: Q4 FY26 Earnings Presentation
Q4 FY26 Earnings Presentation Choice The Joy of Earning Choice International Limited (BSE: 531358, NSE: CHOICEIN) Weaving India's Growth Story c=::::>, •~•-·r•
Slide 3: Disclaimer
Disclaimer Choice The Joy of Earning Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. T
Slide 4: Company Overview
CompanyOvervie£0 Choice The Joy of Earning One of the leading financial conglomerates with over a decade's expertise providing tech-led services Business Footprint & Expertise Our Diversified Core I I Financial Offerings I Competencies Branch Offices Choice Business Associates • Stock Broking • PAN
Slide 5: Key Highlights
I{ey Highlights Choice The Joy of Earning A diversified mix for sustainable business BROKING & DISTRIBUTION - Stock Broking, Wealth, Insurance I &16% &5% &28% T23% &35% *Insurance I &14% 1,263K 255K+ ~525 Bn ~42,677 Mn ~23,111 Mn I Demat Accounts Active Accounts Client Assets under Wealth Equity MF
Slide 6: Q4 FY26 Highlights
fd,4FY26 Highlights ChoiceThe Joy of Earning REVENUE (f Mn) EBITDA (f Mn) PAT (f Mn) &23% &25% &27% 3,138 3,086 1,226 678 1170 I 656 2,841 990 983 565 2,550 868 535 2,380 480 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Arrow
Slide 7: FY26 Highlights
FY26 Highlights Choice The Joy of Earning Revenue (f Mn) 624% 644% 646% I I I I I I I I I I I I I I I I I I I I I I I I I I I I I • I I • I I • I I I I I 11,445 I I 4,254 I I 2,379 • • • 9,216 2,959 1,627 FY25 FY26 FY25 FY26 FY25 FY26 Arrows and figures indicate YoY change
Slide 8: Key Highlights
I{ey Highlights Choice The Joy of Earning &CAGR= 35% REVENUE (f Mn) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- •' &18% 3,086 3,138 2,841 &55% I I • .• I .- - I
Slide 9: Stock Broking - Industry Overview
StockBroking - Industry OverviefRJ Choice The Joy of Earning / Growth Of Demat Accounts In India (In Mn) Digital Platforms .c +ii 796 ~ 0 Li. Financial Literacy (!) +ii cu 225 E Q) 192 C Young Investor Participation 0 I- C) 55 C: ·- -c IPO Market Bloom cu 23 Q) 19 ..J U) Li. 0 +ii Regulatory Reforms
Slide 10: Stock Broking
StockBroking Choice The Joy of Earning Expanding our PAN India reach and client demographic Steadily Increasing Client Base Market Share & ADTO (f Mn) Broking & Distribution Segment Revenue (f Mn) A49% 1.42% 1.42% 1.31% 1.21% A16% . - 1.19% 17,833 A39% 1,263 1,792 1,234 1,640 1,205 14,363 1,607 1,15
Slide 11: Strengthening Touchpoints Through Expansion
StrengtheningTouchpointsThroughExpansion Choice The Joy of Earning Increasing Reach Through New Branches Franchisee Network Expansion Footprint Expansion with £31% A 11% Long- Term Vision 1,810 1,795 1,713 • In FY26, evolving market dynamics led 155 155 153 1,663 to a shift in client preference towa
Slide 12: Stock Broking
StockBroking Choice The Joy of Earning AFOHA ISTA Simple User Interface NIFTY 25,320.65 -98.25 BANKNIFTY 59,610.45 -347.40 SENS EX 82,269.78 -296.59 PA 1ST Hi Pritam ~ 2,78,286 Recommendation Your Assets 1,22,814.00 (78.99%) Stocks Mutual Funds Trading Fund 2.77 L 1.43 K 109.63 j ln-app Curated Bask
Slide 13: Engineering the Next-Gen Retail Investing Platform
EngineeringtheNext-GenRetailInvestingPlat orm Choice The Joy of Earning Low-Latency Infrastructure x Curated Product Depth x Investor Education - Built for Compounding Engagement 01 Institutional-Grade Trading Stack INFRASTRUCTURE MOAT 02 Expanding Beyond Equities PRODUCT DEPTH 03 Educate Execute Re
Slide 14: Engineering the Next-Gen Retail Investing Platform
EngineeringtheNext-GenRetailInvestingPlat orm Choice The Joy of Earning Low-Latency Infrastructure X Curated Product Depth X Investor Education Built for Compounding Engagement NIFTY BANKNIFTY SENSEX Satin Finsorv Limited NIFTY BANKNIFTY SENSEX 24,576.60 0.00 57,371.450.00 79,273.33 0.00 < 99,884.93
Slide 15: AI/ML for Enhancing Efficiency
AI/ML or EnhancingE czency • Choice The Joy of Earning Client-facing Intelligence + Organisation-wide Automation - Embedding Al Across the Choice Stack en Onboarding Communication Optimisation C: 0 ML-driven channel mix and messaging - improved activation and first-transaction rates ·-::J ~ -0 CJ) -
Slide 16: Tech Insights
TechInsights Choice The Joy of Earning Seamless collaboration, cutting-edge features FRONT END I I ---------------------------- HYBRID CLOUD I I I I I Middleware Core Backend I I I I I I OMS I I I I RMS I I I I I Back Office I I I I I I I I l l Third Parties l Data Pipeline I I I I I ---------------
Slide 17: Wealth Distribution - Industry Overview
WealthDistribution- Industry Overvie[p) Choice The Joy of Earning EVOLVING FINANCIAL LANDSCAPE INTERMEDIARIES ASSUME MULTIPLE ROLES Growing Affluent and Middle Class Advisors & Behavioral Managers • HNWls (>USD 1M*)- estimated to grow from 375K Lack of Time & Expertise • Help in goal based investing
Slide 18: Wealth Distribution
WealthDistribution Choice The Joy of Earning Maximising growth of portfolio with a mix products Overall Wealth Products AUM Equity MF AUM Progressive Increase in SIP Book AUM Composition by Investment Type T23% £35% £50% 14% 25,693 184 184 55,774 47,687 48,067 23,111 146 46,622 20,234 137 123 19,381
Slide 19: Strategic Partnership: India Post Payments Bank
StrategicPartnership:India PostPaymentsBank Choice The Joy of Earning Choice Wealth Private Limited has been awarded a contract by India Post Payments Bank (IPPB), a Govt-owned payments bank, to deploy a comprehensive digital investment platform for its customers. Under this mandate, Choice Wealth w
Slide 20: Mutual Fund - Industry Overview
Mutual Fund - Industry OvervielfJ Choice The Joy of Earning Mutual Fund QAAUM (f Tn) ~16% to 18% CAGR Mutual Fund Folios (In Mn) 270.6 I • 234.5 147-155 177.9 18.4% CAGR 145.7 77.1 129.5 67.4 54.1 97.9 38.4 40.5 89.7 27 32.1 24.5 FY19 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 FY30P FY20 FY21 FY22 FY23 FY
Slide 21: Mutual Fund - Way Forward
Mutual Fund - Way ForfRJard Choice The Joy of Earning Passive Investing to Index Funds Launched SEBI Grants AMC License • Nifty 50 Index Fund • Nifty Next 50 Index Fund • Mobilised ~30 Crores Aug 01, 25 Q3 FY26 Q4 FY26 FY27 Plan* Gold ETF Launched • Gold FoF • Overnight Fund • >28,000 Folios • Activ
Slide 22: Insurance - Industry Overview
Insurance - Industry Overview Choice The Joy of Earning Insurance Density Rising Share Of Broking Channel Share Of Broker Channel (US$) In GI Premiums (f Cr) In GI Premiums Long Term Goal 9,640 97,000 4% 11% 152% 83,500 34% 71,800 Medium 19% Term Goal 889 61,400 51,600 46,200 95 92 77 38,500 60 32%
Slide 23: Insurance Distribution - Overview
InsuranceDistribution- Overview Choice The Joy of Earning Corporate Business Retail Business Annualised Employee Productivity T16% &28% Q4 FY26 16.55 549 429 500 498 337 Q3 FY26 14.21 490 419 298 273 362 Q2 FY26 11.69 Q1 FY26 14.32 Q4 FY25 18.95 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY2
Slide 24: Retail - Business Overview
Retail- BusinessOvervieru Choice The Joy of Earning Health and Travel Insurance Life Insurance Motor Insurance £38% £13% £14% r------------------------------------------, I £96% I I A 9% £35% I I ---------------------------------------- 1--- -------------------------------------------- I I I- I - -
Slide 25: Corporate - Business Overview
Corporate- BusinessOverviefRJ Choice The Joy of Earning Key Offerings Tailor made solutions for large risks Claims consultancy for corporates and SMEs Industry upadates and Knowledge sharing Solutions Bouquet Risk Advisory analysis & inspections Risk Management & Risk Transfer Solutions Portfolio Ad
Slide 26: NBFC - Industry Overview
NBFC - Industry Overvie[Q) ChoiceThe Joy of Earning Banks Vs NBFCs - YoY growth in Advances Rise in Funding Avenues for green Financing (f Lakh Cr) 40 r------- Global Financial .. ·-------· Taper -------- Demonetization .. ·------- I IL & FS r--- Onset of .. -------• Global economy I &s.9x I 1 33%1
Slide 27: NBFC
NBFC Choice The Joy of Earning Empowering MSMEs through retail lending tailored specifically for the dynamic semi-urban and rural landscapes A FOCUSEDAPPROACHTO SERVE 100% Digital Documentation • Green Finance - Target to reach AUM of ~10 Bn by 2030 On time collections cc cc In-House Collection Team
Slide 28: NBFC
NBFC Choice The Joy of Earning Empowering MSMEs through retail lending tailored specifically for the dynamic semi-urban and rural landscapes Net Interest Margin A Expanded by 126 bps Focused Retail Portfolio Mix 18.50% 12.25% 11.30% 11.25% 11.22% f 5.75 Bn 4.41% as of Q4 FY26 9.96% 77.09% • MSME Bus
Slide 29: NBFC - Underwriting and Liability Profile
NBFC Choice The Joy of Earning Robust Underwriting Processes Well-diversified Liability Profile 1. Real-time Credit Bureau checks Banks In addition to own scorecard for individual clients for better screening e AU SMALL FINANCE BANK l~Bandhan VBank ~ IDFC FIRST E..J Bank r. HDFC BANK L: We understan
Slide 30: Our USP
NBFC ChoiceThe Joy of Earning Wide range of product offering to cater multiple customer segments in priority sector I OUR USP Products Name MSME Business Loans (Secured) Solar Loan • Leading NBFC With Differentiated Product Offerings Ticket Size Upto ~ 5 Mn Upto ~ 5 Mn • Diversified Geographical Rea
Slide 31: Advisory Services - Industry Overview
AdvisoryServices- Industry Overvie£0 Choice The Joy of Earning Investments in Core Infra (f Lakh Cr) 37.3 8,657 Projects 25.6 18.9 US$ 2226.45 Bn Total Project Cost 15 18.3 12.4 11.1 8.6 1,115 Projects Under Development Roads Railways Urban Infra Other infra 63 Sub-sectors • 2017-2023 • 2024-2030 So
Slide 32: Advisory Services
AdvisoryServices Choice The Joy of Earning Order Book (f Bn) Order Book - State Wise Order Book - Sector Wise 7.48 19% 6.98 6.66 6% 18% 5.86 4% 64% 5.01 41% • Maharashtra • Rajasthan • Odisha • Infrastructure Consulting • IT & E-Governance Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 • Karnataka • Others
Slide 33: Key Highlights
I{ey Highlights Choice The Joy of Earning DD @ ~ DD D DD D Q T-f D ~ ~~ "ITT1m Serving to 150+ 1K+ ULBs SOK+ PRls Selected to lead the Departments (CG & SG) digitalization of 13K+ PACS 0 Developed Women Trained 1SK+ trainees Serving to Multilateral Agencies Flagship Schemes JJM, Entrepreneur Portal
Slide 34: Choice Matters: Impacting Tomorrow
ChoiceMatters: Impacting Tomorro(p) Choice The Joy of Earning Choice is committed to actively participate in India's remarkable growth story and leveraging our resources, expertise, and innovative solutions to make a meaningful impact on various aspects of Indian life, from economic development and
Slide 35: Investment Banking - Industry Overview
Investment Banking - Industry Overvielfl Choice The Joy of Earning Growth In Number Of Listed Companies • IPO (Main Board) IPO SME IPO Total - 320 346 272 • India has witnessed 164 surge in listing activity (0 141 ~ ~ ~ 125 since FY 24. 120 (0 N N 0) ~ • Pipeline remains strong. LO LO 0) N 0) (0 58
Slide 36: Investment Banking
InvestmentBanking Choice The Joy of Earning Choice Capital Advisors Pvt. Ltd., a SEBl-registered Category-I Merchant Banker, specializes in capital market transactions and corporate finance, offering end-to-end financial solutions from strategy to execution. OurUSP Strict compliance standards ensuri
Slide 37: Key Clientele
l{ey Clientele Choice The Joy of Earning .. ,. -- . .. .. - ,_,~ 'RBS ·-· -· -- .... ..- VPRPL H'iHVl.'PRAKASHRPl \'GI IA/TD ESPRIT RAMDEVBABA S O LV E N T P V T. LT D. ISO 22000:2005 & ISO 9001·2008 Certified Company FSSAINO. 10013022001589 •the 'quint ··-· •• relipay ~.._, SOLARA ,,, Active Pharma
Slide 38: IPO Performance Highlights
/PO Per ormance Highlights Choice The Joy of Earning Issue Subscription Issue Listing Listing #High Listing Highest IPO Name Platform Size (x) Price Date Price Price Gain% Return% (f Mn) *Ashwini Containers Movers Ltd SME 710 1.70x f142 19-12-25 f147 f168 4% 18% *Clear Secured Services Ltd SME 856 8
Slide 39: Mandate
Choice The Joy of Earning Mandate • CCAPL along with its partner has been awarded the mandate to support the AIFA, in setting up and operationalizing the Assam Industrial and Green Growth Fund under the Alternate Investment Fund (AIF). • Our engagement will involve fund structuring, regulatory suppo
Slide 40: Choice Connect
ChoiceConnect Choice The Joy of Earning Empowering individual agents to become financial advisers with the help of proprietary engine, engaging trainings and digital execution of services. No. Of Choice Business Associates (CBAs) Expanded Reach in Array Of Financial Products For CBAs Unserved and A6
Slide 41: Choice Connect
ChoiceConnect Choice The Joy of Earning Equity Clients Onboarded & Progressive Growth In POSP Credit Cards Issued Brokerage Trend &35% 14,592 23,275 76 10,154 23,025 22,282 16,540 39 14,377 4,908 19 13 13 1,307 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY23 FY24 FY25 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY
Slide 42: Consolidated Financial Performance - Quarterly
ConsolidatedFinancialPer ormance- !2,uarterly Choice The Joy of Earning Y-o-Y Q-o-Q Particulars (f Lakhs) Q4 FY26 Q4 FY25 Q3 FY26 Growth(%) Growth(%) Revenue from Operations 30,671 25,300 21.23% 30,336 1.10% Other Income 714 204 250.25% 524 36.29% Total Income 31,385 25,504 23.06% 30,860 1.70% EBITD
Slide 43: Consolidated Financial Performance - Quarterly
ConsolidatedFinancialPer ormance- !2,uarterly Choice The Joy of Earning Y-o-Y Q-o-Q Particulars (f Lakhs) Q4 FY26 Q4 FY25 Q3 FY26 Growth(%) Growth(%) Revenue from Operations 30,671 25,300 30,336 Other Income 714 204 524 Total Income 31,385 25,504 23.06% 30,860 1.70% Employee Benefit Expenses 9,106 7
Slide 44: Consolidated Financial Performance - Annually
ConsolidatedFinancialPer ormance- Annually Choice The Joy of Earning Y-o-Y Particulars (f Lakhs) FY26 FY25 Growth(%) Revenue from Operations 1,11,913 91,038 Other Income 2,537 1,128 Total Income 1,14,450 92,166 24.18% Employee Benefit Expenses 32,586 27,397 Finance Costs 8,909 6,609 Depreciation and
Slide 45: Board Members
BoardMembers Choice The Joy of Earning Board with extensive experience across businesses MRS. VINITA PATODIA MR. KAMAL PODDAR MR. SUYASH PATODIA MR. ARUN PODDAR MR. AJAY KEJRIWAL Non-Executive Managing Director Joint Managing Executive Executive Director Chairperson • •• Director Director & CEO ••••
Slide 46: Entity Structure
Entity Structure Choice The Joy of Earning Choice Equity Choice Choice Finserv Choice AMC Choice Trustees Choice Capital Fintoo Wealth Choice Broking Insurance Advisors Consultancy Broking Services 90% 100% 82.34% 100% 100% 100% 51% 90% Choice Arete Choice Choice Tech Choice Choice Green Choice Gree
Slide 47: Environmental, Social and Governance
Environmental,Socialand Governance Choice The Joy of Earning oOo Social • Providing and facilitating access to products and services for the visually impaired/physical disability customers. • Disclosure of its environmental and social performance in the public domain and mapping it with UNSDG. Envir
Slide 48: Geographical Presence
Geographical Presence Choice The Joy of Earning States Branches 1. Rajasthan 52 2. Maharashtra 22 3. Gujarat 20 4. Madhya Pradesh 17 5. Kerala 16 6. Uttar Pradesh 13 7. Tamil Nadu 10 8. Andhra Pradesh 9 9. Bihar 8 10. West Bengal 7 11. Karnataka 5 12. Jharkhand 5 1 3. Telangana 5 It .... ...... ....
Slide 49: Media Presence
MediaPresence Choice The Joy of Earning Extensive coverage by Television, Digital, Print and Social Media Offline Events News and Print Media FT I\IDTV Profit .f'9 CNBC FINANCIAL TIMES ~lei lit -- - - --- -----=---=-----==-- -- -- Cf,OH,;.!! ,,...-:;, _c_ - .. __ ._ •11..,.. - II Ahmedabad Delhi Jai
Slide 50: Memberships and Certifications
Membershipand Gerti-cations Choice The Joy of Earning Registered across exchanges in India I Memberships and Registrations NSE 35E MCX METAL & ENERGY 0 NCDEX NSDL EXPERIENCE THE NEW Trade with Trust Progoti ko Solid Exchonge TmstI RIIK Tldtnolom. CDSL Vou Depository I Certifications I Auditors Great
Slide 51: Choice
Choice The Joy of Earning